Tue, February 4

Binance Nigeria Witnessed $26B Flow From Unidentified Sources

In a tumultuous period for cryptocurrency exchanges in Nigeria, Binance Nigeria has come under intense scrutiny as it facilitated transactions exceeding $26 billion from unidentified sources within the past year. The digital assets platform, known for its peer-to-peer trading model, allows users to engage in buying and selling cryptocurrencies with

February 28, 2024 2 mins read

OKX Forays Into Turkey to Tap Into Growing Crypto Market

In a formal announcement, crypto exchange OKX has introduced OKX TR to the Turkish market. The launch was announced by the corporation on February 27. In partnership with regional financial institutions, OKX TR offers a deposit option and an on-ramp for the Turkish lira fiat currency. Fibabanka, VakıfBank, İş Bankası,

February 28, 2024 2 mins read

Huobi HK Withdraws Application for Virtual Asset Trading License in Hong Kong

HTX’s Hong Kong subsidiary has taken down its application to run a “virtual asset trading platform” that provides retail trading services, according to the website of the relevant regulator. According to the South China Morning Post, which cited the Securities and Futures Commission’s list of license applicants, HBGL Hong Kong

February 27, 2024 2 mins read

Why BitForex Exchange Users Feel Unsafe?

BitForex, a prominent crypto exchange, finds itself embroiled in a storm of controversy as users raise alarms over mysterious outflows, a CEO departure, and an eerie silence from the platform.  According to blockchain analyst ZachXBT, BitForex’s hot wallets experienced staggering outflows totaling approximately $56.5 million on February 23. This alarming

February 26, 2024 2 mins read

Crypto Exchange Kraken Files Motion to Dismiss U.S SEC Lawsuit

On Thursday, Kraken filed a motion to dismiss the case, claiming that the U.S SEC had not charged fraud and had instead stretched the meaning of a contract in its lawsuit. With the argument that cryptocurrencies—or at least those included in the SEC’s complaint—should be classified as commodities rather than

February 23, 2024 2 mins read

FTX Customers Anticipate Payoff as Anthropic Shares Set for Sale

U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, has granted approval for FTX to sell its stake in Anthropic, the artificial intelligence company, marking a significant move for the cryptocurrency exchange’s post-collapse recovery. FTX’s initial $500 million investment in the AI-developing start-up Anthropic in 2021 secured them a 13.56% equity

February 23, 2024 1 min read

Nigeria Blocks Crypto Exchanges Amid Regulatory Uncertainty

The activities of prominent cryptocurrency exchanges, such as Binance, OctaFX, and Coinbase, have been disrupted by Nigeria. Particularly, this step follows the Central Bank of Nigeria’s recent decision to allow cryptocurrency transactions, indicating a very uncertain regulatory environment for digital assets in the nation. Meanwhile, the Nigerian government has ordered

February 22, 2024 1 min read

Binance Charity and Superhumans Foundation Unite to Support Ukrainian War Victims

With the support of the nonprofit Superhumans Foundation, Binance Charity, the charitable arm of the premier global blockchain ecosystem Binance, is pleased to announce the beginning of educational programs aimed at helping Ukrainian residents affected by the conflict. These initiatives seek to provide these people fresh perspectives and provide them

February 22, 2024 2 mins read

Coinbase Presses SEC For Grayscale’s Ethereum ETF Approval

Coinbase, a leading cryptocurrency exchange, has taken a proactive stance in advocating for the approval of the Grayscale Ethereum Trust listing as a spot ether Exchange-Traded Fund (ETF). The company’s Chief Legal Officer, Paul Grewal, recently announced on social media platform X that Coinbase has responded to a request for

February 22, 2024 2 mins read

Cloudy Skies for Foreign Crypto Exchanges in India

The Financial Intelligence Unit (FIU) issued non-compliance notices to several major foreign crypto exchanges in December 2023, demanding adherence to KYC and AML regulations. This was followed by app store bans and URL blocking, effectively shutting down access for Indian users. The foreign crypto exchanges are Binance, HTX, Kraken, Gate.io,

February 20, 2024 2 mins read
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